Current funding rates of mainstream CEX and DEX indicate that the market has turned generally bearish

BlockBeats News, on December 20, according to Coinglass data, as Bitcoin briefly fell below $98,000 early this morning and Ethereum briefly fell below $3,400, altcoins also experienced a drop. The current funding rates of mainstream CEX and DEX indicate that the market has turned generally bearish. The funding rates of specific mainstream coins are shown in the figure below.

BlockBeats Note: When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it signifies a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.